COLLIN COUNTY – Developer Billingsley Co. is finalizing plans for the first phase of a 500-acre mixed-use development that could total over $3 billion when completed. The development, Sloan Corners, will be in Allen and Fairview. The developer gained control of 240 acres at the southeast corner of US 75 and SH 121 in Fairview in 2019. Two years later, they purchased 260 acres across […]
Archives: May 2023
TPW commission approves purchase of Fairfield Lake State Park
AUSTIN – The Texas Parks and Wildlife Commission last week unanimously voted to authorize Texas Parks and Wildlife Department’s (TPWD) executive director to purchase approximately 5,000 acres in Freestone County including Fairfield Lake State Park. TPWD acquired Fairfield Lake State Park by lease in 1971 from Texas Utilities, now Vistra Energy. The park opened to the public […]
Dual-branded hotel opens in 14-story tower near Texas Medical Center
HOUSTON – The Hyatt Place Houston Medical Center and Hyatt House Houston Medical Center have opened in a 14-story tower at 7329 Fannin at Old Spanish Trail. The dual-branded hotel has 298 rooms on the edge of TMC Helix Park, a 37-acre life sciences campus under construction in the Texas Medical Center. Hyatt Place Houston […]
TXST breaks ground on $37M football center in San Marcos
SAN MARCOS – Texas State University has broken ground on its new $37 million Football Performance Center at Bobcat Stadium. Located at 1100 Aquarena Springs Dr., the project is a renovation to the existing complex and will entail adding a new 8,000-sf weight room, players’ lounge, training room with hydrotherapy, individual position meeting rooms, and […]
790-unit self-storage portfolio sold along Galveston Bay
GALVESTON – Andover Properties has acquired the Watson & Taylor Portfolio, a two-facility self-storage portfolio totaling 790 units in Galveston and Baytown. The facilities total 104,830 net rentable sf. Versal represented the seller and procured the buyer. read more…
503K-sf medical education tower underway at Baylor College of Medicine campus
HOUSTON – Baylor College of Medicine has started construction on The Lillie and Roy Cullen Tower, a 503,000-sf, 11-story medical education and research building. The development will include a 35,000-sf simulation lab, a 500-seat classroom and event center, small-group and studio classrooms, dedicated space for big data analytics, lecture halls, and a student wellness center. The […]
Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off
Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years […]
Remember and Honor Those Who Gave All
We remember and honor those who gave all.
368-home build-to-rent neighborhood underway in Marvida
CYPRESS – Clay Residential has started work on the Willow at Marvida, a build-to-rent neighborhood in Starwood Land’s 856-acre master-planned community. The project will have 134 single-family homes and 234 paired townhomes. The three- to five-bedroom rental homes will range from 1,382 to 2,900 sf and include attached two-car garages. The neighborhood is adjacent to […]
How refreshing! ARCO Beverage building 253K-sf Weslaco distribution center
WESLACO – ARCO Beverage Group has broken ground on a 253,200-sf distribution center in Mid Valley International Industrial Park, a 122-acre master-planned development owned by Weslaco EDC. The project will have 210,000 sf of temperature-controlled space, 36-ft clear heights, 27 dock positions, and 25,0000 sf of office space. Completion is slated for first quarter 2024. […]